AYI - Acuity Brands Acquisition Sheds Light On Its Move Into The Indoor Location Market
Acuity Brands (AYI) announced on Monday that it is acquiring LocusLabs, a five-year old start-up company whose platform powers applications based on indoor location. This is Acuity Brands' third acquisition in the indoor location area, following on its April 2015 acquisition of ByteLight and its December 2015 acquisition of GeoMetri.
These acquisitions are a big element of Acuity Brands' efforts in the indoor location market, where it is leveraging its share of the market, providing lighting to big box retailers such as Target (TGT). Deploying location technology based on lighting gives high-quality results without